MSCI's removal of 6 firms a result of Indonesia's market reforms, regulator says
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JAKARTA, May 13 - MSCI's removal of six Indonesian companies from the domestic global standard index is a short-term consequence of the country's ongoing market reforms, Hasan Fawzi, an official at Indonesia's Financial Services Authority, said on Wednesday.
MSCI removed six Indonesian companies from the domestic global standard index following its quarterly review announced on Tuesday, while another 13 companies were taken off the small cap index.
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